Analysts Watch on Price Target Estimates: Crown Castle International Corp. (REIT) (NYSE:CCI)

Crown Castle International Corp. (REIT) (NYSE:CCI) plunged -0.28% during previous trade, a total of 1.98M shares exchanged hands compared with its average trading volume of 2.22M shares whereas its relative volume is 0.96. The stock has a market capitalization of $34.98B along with 361.36M outstanding shares. Stock’s intraday price range hit the peak level of $97.30 and touched the lowest level of $96.28.

Most recently Crown Castle International Corp. (REIT) (NYSE:CCI)’s price target was revised on 04/17/17 and according to 18 analysts stock’s price will reach at $104.61 during 52 weeks with standard deviation of 5.56. Stock’s minimum price target estimates has been figured out at $91 while the maximum price target forecast is established at $110, if we look at the price target with an optimistic approach it has upside potential of 14% from its latest closing price of $96.52.

Historically, if we look at price target revisions, two weeks ago Crown Castle International Corp. (REIT) (NYSE:CCI)’s price target was revised on 02/06/17 by the analysts, however the bullish price estimates of the stock set at $110 while the bearish estimates kept at $95 over the next one year. Stock’s 52-week target was retained at $104.38, the estimates indicates a standard deviation of 4.43.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.54. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 8 rate Crown Castle International Corp. (REIT) (NYSE:CCI) stock a Strong Buy, 3 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/11/17 the stock of Crown Castle International Corp. (REIT) (NYSE:CCI) upgraded by Guggenheim from Neutral to Buy. However previously on 3/8/17 it was upgraded by Wells Fargo from Market Perform to Outperform. A research note issued on 7/11/16 the stock was downgraded by Citigroup from Buy to Neutral.

Crown Castle International Corp. (REIT) (NYSE:CCI) performance over the past one year soared 14.12% whereas its year to date (YTD) performance indicated a bullish trend of 12.43%. During the last six months the stock climbed 7.21%. Quarterly performance of the company shows optimistic momentum of 11.87% while its last one month trend is positive with 6.19%. Stock’s weekly performance expressed up trend of 0.73%.

The company’s price sits 5.50% above from its 50-day moving average of $92.99 and 7.62% far from the stock’s 200-day moving average which is $89.05. Crown Castle International Corp. (REIT) (NYSE:CCI)’s shares are currently trading -3.15% away from the 52-week high price of $99.66 and +24.24% far from the 52-week low price of $77.69.

According to consensus agreement of 17 analysts Crown Castle International Corp. (REIT) (NYSE:CCI) will report earnings per share of $0.28 in their quarterly report and it is expected to announce the company’s results on 4/24/17 After Market Close. For the current quarter the company has high EPS estimates of $0.3 in contradiction of low EPS estimates of $0.26. However a year ago for the same quarter the company has reported $0.11 EPS. Current year EPS projections for Crown Castle International Corp. (REIT) (NYSE:CCI) set at $1.14 according to the sentiments of 19 analysts, while its lowest earnings estimates are $1.06 and highest earnings estimates are $1.29.

According to 17 analysts, Crown Castle International Corp. (REIT) (NYSE:CCI)’s revenue estimates for the current quarter are $1.01B meanwhile the company has high revenue estimates of $1.03B in contradiction of low revenue estimates of $985M. For the current year the company’s revenue estimates are $4.14B compared to low analyst estimates of $4.07B and high estimates of $4.2B according to the projection of 22 analysts.

Stock Rating and Recommendation Update on the Shares of: Crown Castle International Corp. (REIT) (NYSE:CCI)

Crown Castle International Corp. (REIT) (NYSE:CCI) fell -0.97% during previous trade. Wells Fargo issued rating on the stock of Crown Castle International Corp. (REIT) (NYSE:CCI) in a research note issued to investors on Mar-08-17, the stock received “Upgrade” rating from Market Perform to Outperform. Additionally Guggenheim issued their verdict on the stock of the company, on record date of Dec-16-16 the stock was “Initiated” as Neutral besides that on Sep-13-16 Crown Castle International Corp. (REIT) (NYSE:CCI) was “Initiated” by SunTrust as Buy at $107. Furthermore on Jul-22-16 the stock was “Reiterated” by Stifel as Buy from $103 to $110.

Crown Castle International Corp. (REIT) (NYSE:CCI) shares ended last trading session at the price of $90.61 whereas a number of traders indicating mean target price will hit $101.47 over the next twelve months, mean value of price target most recently revised on 02/06/17. Crown Castle International Corp. (REIT) (NYSE:CCI)’s highest estimates of price target are $110 and low forecast is $84 based on the opinion of 19 analysts. The price target estimates represents a standard deviation of 4.43. However brokerage recommendations suggests an ABR of 1.64 based on calls of 11 experts, where 6 brokers polls the stock a Strong Buy, 3 suggest the stock a Buy, 2 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

Crown Castle International Corp. (REIT) (NYSE:CCI) is expected to release the earnings of its current quarter on 4/20/17. The company is expected to release $0.28 EPS for current quarter according to 16 analysts whereas the company reported $0.11 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.26 and high estimate of $0.3. For the current year Crown Castle International Corp. (REIT) (NYSE:CCI) has set to release EPS of $1.16 as per the sentiments of 19 analysts, however according to 18 analysts, the company expected to release $1.5 EPS for next year.

Crown Castle International Corp. (REIT) (NYSE:CCI)’s average revenue estimates for the current quarter are $1.01B according to 16 number of analysts. However its lowest revenue estimates are $985M and highest revenue estimates are $1.03B. A year ago the company’s sales were $934.38M. Its yearly sales growth estimates are 7.80%. For the next quarter the company has anticipated average revenues of $1.03B, according to the sentiments of 16 analysts. For the current year the company has fixed $4.14B revenues, as per the opinion of 22 analysts. For the current year the company has low revenue estimates of $4.07B in contradiction of high revenue estimates of $4.2B. Whereas for the next year revenues are set at $4.3B by 22 analysts.

The stock exchanged hands 2.16M shares versus average trading capacity of 1.91M shares, while its shares’ total market worth is $32.99B along with 360.54M outstanding shares. Crown Castle International Corp. (REIT) (NYSE:CCI) shares were trading -10.05% below from the 52-week high price mark of $100.73 and +15.39% above from the 52-week price bottom of $78.52. However the company observed 52 week high price on 07/06/16 and witnessed 52 week low price on 11/14/16. The company’s price sits 2.59% above from its 50-day moving average of $89.17 and 0.33% far from the stock’s 200-day moving average which is $89.28. Crown Castle International Corp. (REIT) (NYSE:CCI)’s price to sales ratio for trailing twelve month stands at 8.42, whereas its price to book ratio for most recent quarter sits at 4.22. However the company’s price to cash per share for most recent quarter stands at 58.14.

Recommendations and Price Target Estimates: Crown Castle International Corp (NYSE:CCI)

Crown Castle International Corp (NYSE:CCI) soared 0.48% during previous trade, a total of 6.47M shares exchanged hands compared with its average trading volume of 2.54M shares whereas its relative volume is 2.73. The stock has a market capitalization of $30.79B along with 337.56M outstanding shares. Stock’s intraday price range hit the peak level of $91.69 and touched the lowest level of $87.96.

Most recently Crown Castle International Corp (NYSE:CCI)’s price target was revised on 11/1/16 and according to 16 analysts stock’s price will reach at $105.13 during 52 weeks with standard deviation of 3.18. Stock’s minimum price target estimates has been figured out at $84 while the maximum price target forecast is established at $112, if we look at the price target with an optimistic approach it has upside potential of 27% from its latest closing price of $91.22.

Historically, if we look at price target revisions, three weeks ago Crown Castle International Corp (NYSE:CCI)’s price target was revised on 9/29/16 by the analysts, however the bullish price estimates of the stock set at $110 while the bearish estimates kept at $100 over the next one year. Stock’s 52-week target was retained at $105.75, the estimates indicates a standard deviation of 3.14.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.79. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 7 rate Crown Castle International Corp (NYSE:CCI) stock a Strong Buy, 3 rate the stocks of the company a Buy, 4 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 7/11/16 the stock of Crown Castle International Corp (NYSE:CCI) downgraded by Citigroup from Buy to Neutral. However previously on 7/22/15 it was upgraded by Citigroup from Neutral to Buy. A research note issued on 4/24/15 the stock was upgraded by Raymond James  from Mkt Perform to Outperform.

Crown Castle International Corp (NYSE:CCI) performance over the past one year advanced 4.39% whereas its year to date (YTD) performance indicated a bullish trend of 4.73%. During the last six months the stock rose 1.89%. Quarterly performance of the company shows declining momentum of -8.38% while its last one month trend is negative with -3.26%. Stock’s weekly performance expressed down trend of -5%.

The company’s price sits -5.13% below from its 50-day moving average of $91.98 and -2.15% below from the stock’s 200-day moving average which is 93.59. Crown Castle International Corp (NYSE:CCI)’s shares are currently trading -13.68% away from the 52-week high price of $101.83 and +19.59% far from the 52-week low price of $73.50.

According to consensus agreement of 10 analysts Crown Castle International Corp (NYSE:CCI) will report earnings per share of $1.18 in their quarterly report and it is expected to announce the company’s results on 1/25/17 After Market Close/Before Market Open. For the current quarter the company has high EPS estimates of $1.22 in contradiction of low EPS estimates of $1.15. However a year ago for the same quarter the company has reported $1.11 EPS. Current year EPS projections for Crown Castle International Corp (NYSE:CCI) set at $4.74 according to the sentiments of 12 analysts, while its lowest earnings estimates are $4.72 and highest earnings estimates are $4.76.

According to 12 analysts, Crown Castle International Corp (NYSE:CCI)’s revenue estimates for the current quarter are $986.96M meanwhile the company has high revenue estimates of $997.9M in contradiction of low revenue estimates of $974.1MB. For the current year the company’s revenue estimates are $3.87B compared to low analyst estimates of $3.86B and high estimates of $3.89B according to the projection of 15 analysts.

Technology Stocks under Discussion: SolarCity Corp (NASDAQ:SCTY), Crown Castle International Corp (NYSE:CCI)

SolarCity Corp (NASDAQ:SCTY) shares went up 3.25% or +0.88 points to reach at $27.33 during the course of session. The stock traded in the range of $26.85 – $27.48 during its most recent trading session. The stock has total market worth of $2.69B and it has total of 98.30M outstanding shares. Relative strength index (RSI-14) for SolarCity Corp (NASDAQ:SCTY) is at 68.11.

Historically the stock has climbed 5.63% in the past week and soared 20.89% in the last four weeks, the stock illustrate that its three months performance stands at -20.67% while its year to date performance is at -48.16%. Stock’s price oscillated from $61.72 to $16.31 during past twelve months. The stock is now trading at a distance of 10.24% from SMA-20. The stock is presently trading 18.45% above from its SMA-50. In the current trading session, the stock’s price moved -9.50% below from its SMA-200. If we take a look on its volatility, 4.45 percent was seen in a week and for the month it was 4.22 percent. Stock’s beta value stands at 2.04 and its ATR value is at 1.07.

SolarCity Corp (NASDAQ:SCTY) on July 18, 2016 raised $345 million in tax equity from four separate partners in June and July to finance new solar projects. The financing facilities cover the capital cost of new equipment and installations, and make it possible for customers to pay less for solar power than they pay for utility power.

In addition to the $345 million in new funds, SolarCity also expanded its existing debt aggregation facility to $760 million, an increase of $110 million. SolarCity added two new lenders to the facility, which accounted for $70 million of the $110 million upsize. SolarCity also expanded its solar renewable energy credit (SREC) financing facility to accept five years of hedged SRECs, significantly lowering its cost of financing for SRECs and drawing more capital from the facility.

SolarCity’s capital markets team has raised more than $1.5 billion in project financing to date in 2016. The company has now created funds and facilities to finance projects with more than 30 different banks and corporate partners.  Investment in rooftop and other small-scale solar is expected to attract $3.4 trillion over the next 25 years, according to Bloomberg New Energy Finance’s New Energy Outlook 2016 report.

Crown Castle International Corp (NYSE:CCI) shares slipped -1.03% or -1.01 points in order to take the company’s stock at the price of $97.86. Stock’s price oscillated between $97.69 and $98.87 for intra-day trading. Relative strength index (RSI-14) for Crown Castle International Corp (NYSE:CCI) is at 48.38. It has total market capitalization of $ 33.02B.

Historically the stock has 3.81 slipped -1.24% in the past week and soared 3.81% in the last four weeks, the stock illustrate that its three months performance stands at 13.75% while its year to date performance is at 16.67%. The stock hit the peak level of one year at $102.82 and touched the minimum level of $75.71. Shares are trading -4.93% off from the 52-week high and +32.96% above from the 52-week bottom level. The stock is now trading at a distance of -2.18% from SMA-20. The stock is presently trading 2.86% above from its SMA-50. In the current trading session, the stock’s price moved 12.90% above from its SMA-200. The company has a Return on Assets of 1.50%. The company currently has a Return on Equity of 4.70% and a Return on Investment of 5.20%.

Crown Castle International Corp (NYSE:CCI) on July 21, 2016 reported results for the quarter ended June 30, 2016.

HIGHLIGHTS FROM THE QUARTER

  • Site rental revenues. Site rental revenues grew approximately 9%, or $68 million, from second quarter 2015 to second quarter 2016, inclusive of approximately $49 million in Organic Contribution to Site Rental Revenues plus $34 million in contributions from acquisitions and other items, less a $15 million reduction in straight-line revenues.  The $49 million in Organic Contribution to Site Rental Revenues represents approximately 7% growth, comprised of approximately 9.5% growth from new leasing activity and contracted tenant escalations, net of approximately 2.5% from tenant non-renewals.
  • Net income (loss). Net income (loss) for second quarter 2015 includes approximately $1.0 billion in gains related to the sale of our Australian subsidiary (“CCAL”).  Additionally, during second quarter 2016, Crown Castle incurred approximately $11 million in losses on retirement of long-term obligations related to refinancing activities during the quarter.
  • Capital expenditures.Capital expenditures during the quarter were approximately $200 million, comprised of approximately $19 million of land purchases, approximately $19 million of sustaining capital expenditures and approximately $161 million of revenue generating capital expenditures.
  • Common stock dividend. During the quarter, Crown Castle paid common stock dividends of approximately $299 million in the aggregate, or $0.885 per common share, representing an increase of 8% from the quarterly common stock dividend paid per share in second quarter 2015.
  • Financing activities.  During the quarter, Crown Castle issued $1.0 billion in aggregate principal amount of senior unsecured notes, the proceeds of which were used to refinance existing debt.

Estimations under Considerations: Crown Castle International Corp (NYSE:CCI)

Crown Castle International Corp (NYSE:CCI) plunged -1.17% or -1.17 points during previous trade after opening at the price of $99.68, a total of 1.97M shares exchanged hands compared with its average trading volume of 2.59M shares. The stock has a market capitalization of $33.25B and it has 337.56M outstanding shares.

According to consensus agreement of 12 analysts Crown Castle International Corp (NYSE:CCI) will report earnings per share of $1.16 in their quarterly report and it is expected to announce the company’s results on 7/21/2016 AMC. For the current quarter the company has highest EPS estimates of $1.18 and low forecast is $1.15. However a year ago for the same quarter the company has reported $1.03 earnings per share.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $1.09 while the company reported $1.18 EPS on 4/21/2016 AMC with a difference of 0.09 marking a surprise factor of 8.26%.

Previously for the quarter ended on 12/2015, Crown Castle International Corp (NYSE:CCI)’s expected mean EPS was $1.12, the company reported its quarterly earnings per share of $1.11 on 1/27/2016 AMC, beating the analysts’ consensus estimate by 0.03 with surprise factor of 2.88%.

Crown Castle International Corp (NYSE:CCI)’s mean EPS estimate was $1.04 for the quarter ended on 9/2015, while it reported EPS of $1.07 on 10/21/2015 AMC, beating the analysts’ consensus estimate by 0.03 with surprise factor of 2.88%.

Back on 7/22/2015 the company’s estimated EPS value was $0.30 and it reported $0.27 earnings per share (EPS) for the quarter ended on 6/2015. The company posted a negative surprise factor of 10.00% by -0.03.

Crown Castle International Corp (NYSE:CCI)’s average EPS forecast for the current year is $4.73 according to 15 analysts making projections. The most expectant earnings per share estimate of the stock is set at $4.81 while the conservative estimates kept at $4.68 over the current year. Having a look at the historical EPS report, the company attained $4.3 EPS for the previous year. While revenue estimates for the current year is 3.8B, setting the highest revenues estimates of 3.86B and indicating lowest revenues at 3.76B according to agreement of 19 number of analysts. Current revenue movements show that, the company has set average revenue estimates of 948.85M covering forecast of 15 analysts. The company indicates a peak revenue level of 960M and 934.69M at bottom level.

Having a glance at growth estimates of the company, it has current quarter growth estimates of 12.60% whereas for next quarter it has 10.30% estimations over growth. Its forecasts over growth are 10.00% during current year while analysts’ growth estimation for the next year is 8.50%. Past 5 years growth of Crown Castle International Corp (NYSE:CCI) observed at 19.19%, and for the next five years the analysts that follow this company are expecting its growth at 8.70%.

Crown Castle International Corp (NYSE:CCI) reached at $98.49 price level during last trade its distance from 20 days simple moving average is -0.99%, and its distance from 50 days simple moving average is 4.25% while it has a distance of 14.16% from the 200 days simple moving average. On year trading price range hit the peak level of $102.82 and touched the lowest level of $75.71 and its distance from 52 week high is -4.21% and current price is above +33.97% from 52 week low.